sarkozy, nicknamed president bling bling, and has vowed by taxing the rich, 75% on income over a million euros. most citizens agreed with him in polls. entrepreneurs have gone wild saying this would further kill any innovative spirit here, deriving already out to switzerland, london -- >> the problem in france it's not a fiscal cliff, but fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: the 75% tax would affect -- but it targets individual instead of household income. the government says it will find a way to enact it, while other taxes also rise. around europe you also key running into american tax exiles. that number has been rising. but you know where in the world has the highest income tax rates currently? the island of aruba at nearly 60% for its highest-earning individuals. sweden at around 57%. back to you. >> that 75% tax bracket is not expected to solve many of france's budget problems. in fact there are 65 million people in that country, and fewer than 25,000 of them even qualify for the high rate. >>> getting cold out there, doug. it is the coldest